Encouraged by the heavy subscription to the offer of 70m shares of PPL by the Privatisation Commission, the heavyweight oil and gas sector came under spotlight at the stock market on Monday, which gave reason for the bulls to toss the KSE-100 index up by 308.77 points to 29,652.53.
Foreign fund managers made sizeable investment of $8.49 million on Monday. Among locals, mutual funds started to build portfolio ahead of the start of new fiscal year.
Volumes increased by 7 per cent to 156m shares. PPL gained 3pc and PSO rose by 2pc.
